Natural honey production in Canada stood at 91.42 thousand metric tons in 2023. The year-on-year change was 1.45%, following a slight decline of 0.49% in 2022. Over the last 5 years, the compound annual growth rate (CAGR) has been -0.76%, indicating a generally stable trend with minor fluctuations.
Looking ahead, the forecasted data suggests a gradual increase in production. By 2028, the production is expected to reach 97.77 thousand metric tons. The average annual growth rate over the next 5 years is projected to be 1.05%, with an overall growth rate of 5.38%. This indicates a modest but steady increase in natural honey production.
Future trends to watch for include the impact of environmental changes on honey production, advancements in beekeeping technology, and shifts in consumer preferences towards natural products. Monitoring these trends will be crucial for stakeholders in the honey production industry.
